China Merchants Bank's 2024 Profit Rises 1%

MT Newswires Live

03-26

China Merchants Bank (HKG:3968, SHA:600036) attributable profit rose 1.2% to 148.4 billion yuan in 2024 from 146.6 billion yuuan in 2023, according to a Tuesday filing with the Hong Kong bourse.

Earnings per share at the bank increased 0.53% to 5.66 yuan from 5.63 yuan a year earlier. Analysts at Visible Alpha estimated EPS at 5.68 yuan.

Net interest income fell to 211.3 billion yuan from 214.7 billion yuan in the previous year. Visible Alpha analysts forecast NII at 211.2 billion yuan.

The company declared a final dividend of 2 yuan per share. China Merchants Bank has yet to announce the payment and record dates.

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